IIFL Home Loan, the Housing Finance company from IIFL Group has come out with IIFL Home Loan NCD (Tranche 1) offering 10% and opens for subscription from July 6, 2021. It is technology driven HFC with focus on low & middle income group in suburbs of Tier 1, Tier 2 and Tier 3 cities.
IIFL Home Loan NCD – Significant Points:
- Offer Period: July 6 to 28, 2021
- Annual Interest Rates for Retail Investors: 10%
- Price of each bond: Rs 1,000
- Minimum Investment: 10 Bonds (Rs 10,000)
- Max Investment Limit for Retail Investor: Rs 10 Lakhs
- Credit Rating: CRISIL AA/ Outlook STABLE and Brickwork AA+/ Outlook Negative
- NCD Size: Base issue size of ₹100 crore, with an option to retain oversubscription up to ₹900 crore aggregating up to ₹1,000 crores
- Date of Allocation: August 4, 2021
- Allotment: First Come First Serve
- Listing: Bonds would be listed on BSE & NSE and will entail capital gains tax on exit through secondary market
Learn All about NCDs
NCDs or non-convertible debentures or more…